Business Opportunities in Kansas
Kansas is a prime state for entrepreneurs and franchisees. The state's strategic central location positions businesses for easy market access, while its investment in infrastructure and education has cultivated a skilled and reliable workforce. With a commitment to fostering innovation and a vibrant economy, Kansas is an excellent choice for franchises looking to establish a lasting presence and succeed in a welcoming business environment.
| Population per Square Mile | 35.9 |
| Per Capita Income | $34,968 |
| Total Employer Establishments | 75,057 |
| Total Employment | 1.1 million |
| Total Retail Sales per Capita | $13,514 |
Kansas ranks 33rd in economy size among U.S. states and Washington, D.C. This ranking reflects the state's total output, as indicated by its real Gross Domestic Product (GDP) of $217.0 billion in the first quarter of 2023. The GDP growth rate for Kansas in the same period was 6.0% annually. This growth signals a recovery and resilience in the state's economy, especially considering the global economic challenges in recent years.
The employment scenario in Kansas is equally promising, with the unemployment rate standing at a lower-than-national-average of 2.7% as of July 2023. Employment projections are optimistic, with an expectation of adding 8,819 jobs in 2023, growing at a rate of 0.6%, and 11,464 jobs in 2024, growing at 0.8%. This positive trajectory in job creation indicates a recovering and strengthening labor market, a crucial factor for the success of franchises.
Diving deeper into industry-specific growth, Kansas shows diversity and strength in several key sectors. Notable industries include bioscience, technology, financial services, distribution, and food and beverage, particularly in the Kansas City metro area. The state's GDP growth reflects this diversity, with an expected increase of 2.4% in 2023 and 2.1% in 2024 across all industries. Sectors like manufacturing, transportation and warehousing, and professional, scientific, and technical services are expected to grow steadily.
Cities and Industries
Overland Park, KS, has a robust economic foundation, marked by a high median household income of $100,241 and significant consumer confidence, as seen in the estimated per capita income of $58,407. This financial health is mirrored in the local spending habits, with a notable $588.9 million allocated to entertainment and $363.1 million to apparel, indicative of disposable income and a lifestyle that values leisure and fashion. The strong corporate presence in the city not only shapes its professional workforce but also drives a high demand for business services, suggesting franchising opportunities in corporate consulting, upscale business attire, and business-to-business services. The housing market, with a median home value of $327,845 and a substantial portion of housing units built in the last 20 years, reflects an upwardly mobile population likely to invest in home services, renovation franchises, and the real estate market.
Turning to Wichita, KS, the landscape is quite different. The city’s average household income is lower at $69,390, with a more modest per capita income of $29,342. Consumer spending in Wichita leans heavily towards practical expenditures, with transportation costs reaching $900.86 million, suggesting a demand for automotive franchises, including repair shops and part stores. Health care expenditure stands at $427.46 million, reflecting the need for accessible medical services and health-related franchises. Additionally, with a median home value of $131,935 and a significant number of homes built before 1939, there’s a clear opportunity for home improvement and repair franchises, as well as those specializing in restoration and historical preservation. Wichita’s demographics suggest a market for franchises that cater to a wide range of income levels, with opportunities for cost-effective home solutions, health services, and family-friendly dining establishments.
Website Analytics
Our website analytics on visitors from Kansas indicate a significant interest in business opportunities, yet there seems to be a gap between initial interest and further engagement, with a 77.03% bounce rate and an average session duration of just 48 seconds. For potential franchisees, this suggests that Kansas could represent a landscape with high initial curiosity about franchising, but where your competitors may not be effectively advancing in their franchising journey. This scenario could signal an advantageous position for new franchisees to act now and enter an unsaturated Kansas market.
Franchise Opportunities
Kansas offers an expansive range of businesses for sale, supported by a stable and dynamic economic environment. Delve into Kansas's potential market to discover a franchise that aligns with your business vision.
Facts About Kansas
| Capital: | Topeka |
| Year of Statehood: | 1854 |
| Largest Cities: | Wichita, Kansas City |
| Motto: | Through difficulties to the stars. |
| Nickname: | The Sunflower State |
Cultivate Your Business in the Heartland
- As of July 2023, Kansas had an unemployment rate of 2.7%, which is lower than the overall unemployment rate in the United States. (source)
- According to a report by the Bureau of Economic Analysis (BEA), Kansas ranked fourth in the nation for personal income growth and seventh for economic growth in the first quarter of 2023. (source)
- In the first quarter of 2023, Kansas's economy grew at an annual rate of 6.0% in real (inflation-adjusted) dollars. (source)
- Kansas was ranked 10th in the nation for economic development projects per capita. (source)
Current Opportunities in Kansas:
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Crave is searching for franchise partners in the U.S. At Crave we offer BBQ, Hot Dogs, Self Pour Beer, Ax Throwing and so much More! We are one of the fastest growing Hot Dog franchises, winner of best southern BBQ and…
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At Angora, we have developed the #1 system for building, launching & scaling ecommerce stores. We know success lies in creating a simple, replicable process, and as such have built our process around it. Because of this, no…
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Lawn Pride is a rapidly growing lawn care franchise, but you don't have to get your hands dirty to be an owner. Operating within a growing and recession-resilient industry that provides in-demand services, franchise…
50k Minimum Cash Required
VOTED TOP PART TIME - WORK AT HOME BUSINESS! Are You Looking to Make an Additional $100,000 in the Next 12 Months - No Employees to Hire - No Equipment to Rent/Buy - No Office/Warehouse to Rent/Lease - Start Making money in…
30k Minimum Cash Required
Sniffing around for a great new opportunity? Zoomin Groomin is expanding our Mobile Pet Grooming business nationwide. Set your own schedule, be your own boss and work with pets all day. We’ll be right by your side, every…
100k Minimum Cash Required
Most Popular Industries & Categories
As of April 23, 2024: